In less than a month, Jupiter Crypto is experiencing a decline in volume, and Jup coin has crashed more than 30% in value. This comes after the notable underperformance of Solana chain and its coin compared to other assets like Bitcoin.
Can SOL and JUP survive the crash? What is the best alternative to buy on the Solana chain to get the best gains possible when the market reverses? Here is what you need to know.
$JUP is indicating strong signs of reversal. If you're looking for a true utility play, $JUP is the way to go! 🔥@JupiterExchange has the potential to break into the top 20 rankings this year, IMO!
NFA. pic.twitter.com/rcWnZZDgx7
— Lucky (@LLuciano_BTC) June 11, 2025
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Jupiter Crypto Decline Was Expected
Since Solana hit that $261 high last year, both the price and activity have been pretty much downhill in the months that followed. Back then, the total value locked (TVL) was over 11B, but now it’s down to 8B. Just like the token price, that’s a drop of over 35%, which has definitely hit the whole Solana ecosystem.
For Jupiter, even though the exchange kept growing in volume, it took a hit in the most important aspect for investors – revenue. According to DefiLama, the DEX was pulling in over 1M in daily revenue at its peak, but now it’s only averaging around $100K. This drop in revenue is mainly because of the massive decline in perp volumes for the platform.
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Is Jupiter Crypto (JUP) Coin Chart Showing Positive Signs?
The JUP crypto chart is currently sitting at a big support zone around 0.44, but there’s no clear sign of a reversal just yet. It’s testing this level right now, and if it breaks below, we could see more drops. With the market uncertain because of those war rumors and Solana still underperforming, this is looking like the most likely scenario.
We saw some insane correction from 2 to 1.5 billion MC over last 3 weeks. Imo, @JupiterExchange is one of the biggest DEX which sees over 50-100m+ volume every single day. Imagine, fading $Jup at these prices.
I got a massive bag and loading here.
4-5 billion Zone 🎯 pic.twitter.com/RDKrlK4YtS
— Crypto King👑💎.eth.sol (@cryptosanthoshK) June 12, 2025
However, a lot of chartists are expecting a bounce from this level to the first resistance, which is around the 0.48-0.50 region. This is where price action has previously struggled to move higher and has been rejected multiple times.
While the Solana ecosystem is having a tough time, Solaxy presale is stealing all the attention, racking up over 47M in token sales. This new Layer 2 chain is shaping up to be one of the hottest launches on Solana. The presale is wrapping up soon, so check out the details below.
Solaxy: Raised 48.3M, Buy The Presale Before Time Runs Out; Just 3 Days
With Solaxy, it's always a hole-in-one. 🛸🪐
48M Raised! 🔥 pic.twitter.com/n882gUs8yT
— SOLAXY (@SOLAXYTOKEN) June 12, 2025
With only 3 days til launch, Solaxy token is about to make a lot of noise in the Solana ($SOL) market and grab many long-term investors’ attention. Staking’s looking sweet too, with up to 84% APY.
Solaxy is an L2 that makes it easier for devs to build dApps and connect with users, taking pressure off Solana. It’s unlocking Solana’s true full potential, kind of like how Arbitrum did for Ethereum back in the day.
The $SOLX presale is your last chance to snag them at the lowest price before it goes live. Tokens are going for just $0.001744, but that price will keep rising every two days as the sale ends. Catch up while you still can.
Presales that pull in cash this quickly and get loads of investor hype usually blow up 10x to 15x after launch. The savvy and experienced whales often scoop up these projects under the radar to maximize their gains. One whale recently grabbed over $400k worth of $SOLX on the Ethereum chain. Click here for the transaction ID.
Click Here To Get In The Presale; Very Limited Time Left.
Connect with the huge SOLX Online community on X and Telegram.
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Key Takeaways
- Jupiter’s revenue drops over 90% due to decreased perp volumes, signaling tough times for the platform.
- Solaxy presale raises over $48M, gaining attention as a promising Layer 2 launch on Solana.
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